Greene King (GNK) Price Target Cut to GBX 690
Greene King (LON:GNK) had its price target lowered by Liberum Capital from GBX 720 ($9.76) to GBX 690 ($9.36) in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective would suggest a potential upside of 29.70% from the stock’s previous close.
Other research analysts have also issued reports about the company. Peel Hunt cut their target price on Greene King from GBX 750 ($10.17) to GBX 625 ($8.48) and set an “add” rating for the company in a research note on Wednesday, October 25th. Shore Capital restated a “buy” rating on shares of Greene King in a research note on Thursday, November 30th. Deutsche Bank cut their target price on Greene King from GBX 830 ($11.26) to GBX 740 ($10.04) and set a “buy” rating for the company in a research note on Wednesday, October 18th. Investec dropped their price objective on Greene King from GBX 667 ($9.05) to GBX 530 ($7.19) and set a “hold” rating for the company in a research note on Friday, November 17th. Finally, Canaccord Genuity dropped their price objective on Greene King from GBX 550 ($7.46) to GBX 520 ($7.05) and set a “hold” rating for the company in a research note on Friday, December 1st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 568.64 ($7.71).
Shares of Greene King (LON:GNK) traded up GBX 4 ($0.05) during midday trading on Monday, hitting GBX 532 ($7.21). The company had a trading volume of 848,738 shares, compared to its average volume of 1,350,000. The firm has a market capitalization of $1,650.00 and a price-to-earnings ratio of 950.00. Greene King has a twelve month low of GBX 490.08 ($6.65) and a twelve month high of GBX 768 ($10.41).
ILLEGAL ACTIVITY WARNING: “Greene King (GNK) Price Target Cut to GBX 690” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/15/greene-king-gnk-price-target-cut-to-gbx-690.html.
About Greene King
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.
Receive News & Ratings for Greene King Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King and related companies with MarketBeat.com's FREE daily email newsletter.